Watertown Savings Bank Donates $5,000 to Relay for Life

The following release was sent out by Watertown Savings Bank:

The 142nd annual meeting of the Watertown Savings Bank (WSB) was held February 7 at the Boston Marriot Hotel in Newton, Massachusetts.

Before the gathering of bank officers, managers, corporators and trustees, President and Chief Operating Officer Brett W. Dean reported on the bank’s 2011 results and plans for 2012.

Dean commenced the meeting by noting that 2011 was a great year to be an independent, mutual, community savings bank that is not beholden to Wall Street. He indicated that by focusing on WSB customers, employees, and the communities they serve, and by charging fair and reasonable fees, the bank experienced 40% growth in new checking accounts over the previous year. Dean also remarked that approximately 2,000 customers are now registered to use the new WSB Mobile Banking service. As of December 31, 2011 total assets for the bank were $1.06 billion.

Dean reinforced the bank’s longstanding commitment to remain an independent, mutual, community bank. The bank will also continue its commitment to supporting local, non-profits throughout 2012. At the end of the business meeting Dean demonstrated that commitment by making a $5,000 donation to the Waltham/Watertown Relay for Life, which benefits the American
Cancer Society.

At this year’s meeting, three new corporators were sworn in: Adam Berman; Robert Kelly and Lisa Nichols. And one new Trustee: Robert Airasian. Watertown Savings Bank is a state-chartered mutual savings bank, with nine locations primarily serving Arlington, Belmont, Lexington, Newton, Waltham and Watertown.